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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (7293)	11/19/1997 7:56:00 PM
From: Pancho Villa	Respond to of 9285

FORT LAUDERDALE, Fla. (Dow Jones)--Citrix Systems Inc. (CTXS) said that earlier statements about its margins and a fourth quarter charge "do not reflect any change in the company's outlook." As reported, the company's chief financial officer told a technology conference earlier Wednesday that Citrix expected to take a pretax fourth quarter charge of $4 million and said the company's third quarter operating margins of 49% weren't sustainable. In a press release issued after the company's stock was halted at 65, Citrix said the statements were "similar to public statements that we have previously made on a number of occasions, and today's statements do not reflect any change in the company's outlook." While reiterating that the third quarter margins "can not be sustained on a long-term basis," Citrix said it was aware of "no material developments affecting the company and that the statements do not represent a change in management's outlook for the company." Pancho

To: Roger A. Babb who wrote (7293)	11/19/1997 8:30:00 PM
From: Tom Markowski	Read Replies (1) \| Respond to of 9285

Roger, come over to the CTXS thread. We don't mind. We need to hear the bear case. If any one is rude to you.....I'll throw them out. Present shorts: VRTS......CYBR Tom

To: Roger A. Babb who wrote (7293)	11/19/1997 8:34:00 PM
From: tcarnes	Respond to of 9285

dear roger great call on this one. you sure did a great job in the research. tj.

To: Roger A. Babb who wrote (7293)	11/19/1997 11:18:00 PM
From: CatLady	Read Replies (2) \| Respond to of 9285

CTXS: If I were just a little more cynical than I am, I might speculate that the "canceled" trade at 73 1/4 which was put on the ticker after trading was halted and resinded after 4PM was a very deliberate "error". Now everyone who looks at end of day quotes in the morning paper or in their TC2000 download will see a dip to 64 and a stunning recovery back to 73 instead of the reality of a last trade at 66 before the halt. "No reason to panic" ????? Yeah, right... Just a slip or deliberate damage control? Maybe my 5 November puts got a last minute stay of execution? :-)